Reddit further inflamed tensions with some in its developer community by appearing to misrepresent the details of its private conversation with Selig to suggest he had blackmailed the company. Selig, however, recorded his phone call with the company, a fact Reddit co-founder and CEOSelig's app is just one casualty of the coming changes.
in a bid to develop new revenue sources and to shore up the company's struggling finances. Twitter's move prompted an outcry from third-party app makers, misinformation researchers and public service account-holders who said the move would harm transparency and accessibility. Twitter has responded to the criticism by adding a new tier to its paid plan, but the move was instantly blasted as too little, too late.
For Reddit and its future shareholders, the company's value derives from the infrastructure the site provides for conversation. Operating that infrastructure, safeguarding what is stored there and charging for access to that proprietary data generates value that Reddit believes it should be able to keep.